November 3, 2009
Business Insider had a two-post discussion on commercial real estate, and the difference between the nineties and now. The original post which references a post by David Lynn of ING Clarion in NREI points out that we don’t have the oversupply problem that plagued the industry in the 90’s. In addition, most real estate is now owned by pension funds softening the blow. There are other details in the full post which we won’t repost here.
The second post by Joe Weisenthal at the Business Insider, titled the “Here’s the REAL Reason Commercial Real Estate Is Different This Time” includes a document by Mark Marasciullo of PE shop New Canaan Partners (embedded below) as to why things are actually worse.
Well, I was able to dig up some slides from a NAIOP event about a month ago in San Francisco where Eastdil Secured outlined in a bit more detail how the nineties are different than now from the perspective of the various stakeholders: government, borrowers, lenders, transparency, and public markets.
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